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Trade deficit in goods tops $1 trillion in 2021 for first time as U.S. gobbles up imports

By HatetheSwamp
January 26, 2022 7:13 am
Category: Government
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No matter what the truth may be about the economy, there are a few things that people with, common sense, make their judgments on.

One of those is the size of the deficit.

Also, grocery prices and empty shelves. Also, gas prices.

Joe's toast. So is his party in the 022 election.


Cited and related links:

  1. marketwatch.com


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Comments:

  1. by Curt_Anderson on January 26, 2022 8:58 am
    "[To some, like HtS] a trade surplus indicates a sign of economic success and a trade deficit indicates an economic weakness. However, if that were true, then the top four, China, Germany, Russia and Ireland, would be considered the best performing countries in the world. However, this would mean that the United States, Great Britain, India and France would be among the weakest nations considering that they are four countries with the highest trade deficit. In fact, they are leading industrial nations."

    Attention Walmart shoppers: all of the items in your cart may not have been manufactured in the United States.
    statista.com


  2. by HatetheSwamp on January 26, 2022 9:18 am

    Right the Flatulent Fool's doing every voter a solid.

    Actually, we picked up an Rx at Walmart yesterday and bought a few items. BTW, there were empty shelves. Mostly, we bought food but we did buy one other item and were stunned to see that it was made in the USA.

    But, my point remains. The, as you say, dimwitted who vote notice a fee things about the economy. One is the size of the deficit.


  3. by Curt_Anderson on January 26, 2022 11:43 am
    It is illogical and hypocritical to complain about the trade deficit (too many imported goods) then complain about empty shelves (too few imported goods) at Walmart which are caused by supply chain problems mostly because foreign ships are unable to unload.

    Estimates are that Chinese suppliers make up 70-80 percent of Walmart's merchandise, leaving less than 20 percent for American-made products.


  4. by HatetheSwamp on January 26, 2022 1:07 pm

    It is illogical and hypocritical to complain about the trade deficit (too many imported goods) then complain about empty shelves (too few imported goods) at Walmart which are caused by supply chain problems mostly because foreign ships are unable to unload.

    Still, the truth is.

    Clearly the incompetence of Biden’s governance defies logic.

    He's taken us where no President has gone before.




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